The Farm Financial Platform Purpose-Built for NZ Dairy Accountants

Yes, Figured is built specifically around how dairy farming is actually structured in New Zealand.

When you set up a milk tracker, you select the operation type, whether that’s owner-operator, farm owner with sharemilker, farm owner with contract milker, or sharemilker/contract milker operating independently. The tracker then calculates income splits, levy allocations, and forecasting appropriately for that structure.

Figured handles changes to sharemilking arrangements within a single tracker, on a season-by-season basis. If a sharemilker’s percentage changes — say, from 50% to 80% — you update it for the new season rather than creating an entirely new tracker with fresh account mapping and integration setup. The existing tracker carries forward, and the new split applies from the season you specify.

Most likely, but it depends on the state of the file.

Figured pulls milk income and farm transactions from Xero, QuickBooks Online, or MYOB, so the platform works best when milk income is coded to dedicated accounts and the chart of accounts has some structure to it.

This is exactly where our support team can help. We’ll walk you through onboarding onto Figured, setting up your first farm files, and creating a rollout plan that works for your business. With ongoing support available to all users regardless of Figured plan, plus a Help Centre packed full of useful articles on integrations, setup, and product info, we’re always here to answer your questions.

The short version: Farm Reporter is for actuals. Farm Manager is for planning.

Farm Reporter gives your clients access to real-time financial reporting drawn from their accounting software. It’s well-suited to clients where your main goal is accurate, up-to-date compliance reporting and you want to move that work off spreadsheets.

Farm Manager includes everything in Farm Reporter, plus budgeting, cashflow forecasting, scenario planning, and variance reporting. It’s the right choice when you want to move the relationship beyond compliance and into the higher-value work that’s more resilient to changing market trends. Farm Manager makes it possible to build forecasts, model pricing scenarios, and hold more frequent conversations with clients about the future of their business — plus the compliance side and added financial services — all in one place.

For most New Zealand dairy accountants building an advisory practice, Farm Manager is where that growth happens. Farm Reporter is a solid starting point for clients who aren’t ready to engage at that level yet.

This is one of the areas where Figured seriously changes what an advisory conversation looks like for a dairy client.

Breakeven milk price is built into Figured’s benchmarking and reporting framework, calculated automatically from a client’s actual cost structure. That means when a client asks “what milk price do we need to cover our costs this season?”, the answer comes from their own numbers — you don’t need to estimate.

On top of that, Scenario Planner lets you model what different payout scenarios look like for a specific farm against that client’s cost base and debt position.

And, for clients who’ve always accepted the milk price as a given, Milk Price Protection gives them a tool to take price risk into their own hands. Offered through Figured in partnership with StoneX, it secures a minimum price per kgMS while leaving the upside open if the market rises.

Read more about Milk Price Protection.

For most organisations, getting started is relatively quick. Connecting your accounting software and creating the farm in Figured takes minutes, and our NZ-based onboarding and Customer Success team can help you get your trackers configured correctly from there.

A clean, well-organised file can be producing useful reports the same day. If your file needs a bit of tidying up first, our team will help you get there.

Yes. These days, banks are asking for more than the year-end financials. They want to see forward-looking cashflows, current debt position, and evidence that the farming business has a team behind it that’s tracking the numbers in real time. Figured produces exactly that, with reports drawn from live accounting data.

When a client comes to you before a bank review or a refinancing conversation and their Figured file is current, you can update assumptions, run a scenario at a lower milk price, and get something meaningful to the bank far more quickly than spending days rebuilding the numbers in Excel.

Some NZ banks are beginning to actively favour dairy clients who can provide this kind of forward-looking reporting. Getting ahead of that shift now is one of the stronger arguments for building your advisory practice on Figured.